Tokenomics

The Tokens – On-chain token (To be announced) The primary currency of Flexing Apes will be called (to be announced) with the symbol (to be announced). (To be announced) token will be created and run on the WAX blockchain. The main purpose of the token will be to purchase NFTs, access to real-life events, buy exclusive merchandise and exchange it with other tokens on Alcor and other exchanges. The supply of tokens, both on-chain and off-chain, will not have a cap but will be adapted to the supply and demand of the economy of the game in order to provide an organic growth of the wealth of players. As the on-chain token is spent, part of it will be burned and the other part will be allocated to the player reward pool (giveaways, in-game events, social media events) to ensure its circulating supply is kept within the ecosystem. Actions that require the use of the on-chain token, such as sales, will incur in a small fee to be paid to the Ape Cave Treasury. 10% of the proceeds will be automatically shared with the team and the remaining 90% will be redistributed back to players through the player rewards pool. The on-chain token, together with other cryptos and currencies (Euro), can alternatively be used (instead of WAX) to buy packs. Sales of these kind will be offered in a separate drop specifically designed for this purpose. The amount offered will be significantly lower than the regular sales. There will be a small fee to be paid to the Ape Cave Treasury that will be split as follow: 10% of the fees will be automatically shared with the team and the remaining 90% will be redistributed back to players through the player rewards pool. In the Metaverse you will gain in-game off-chain token with different purposes such as: crafting, accessing events, shopping for in-game assets. Tokens can also be used to buy real-life stuff such as clothes, ticket events and more. You will be also able to exchange them with a marketable token at market prices.